Nevada § 375.090 - Exemptions

or place of organization, such as a transfer between a business entity and its parent,

its subsidiary or an affiliated business entity if the affiliated business entity

has identical common ownership. The taxes imposed by NRS 375.020 , 375.023 and 375.026 apply to a transfer described in this subsection if the business entity to which

the real property is transferred was formed for the purpose of avoiding those taxes. 2. A transfer of title to the United States, any territory or state or any agency,

department, instrumentality or political subdivision thereof. 3. A transfer of title recognizing the true status of ownership of the real property,

including, without limitation, a transfer by an instrument in writing pursuant to

the terms of a land sale installment contract previously recorded and upon which the

taxes imposed by this chapter have been paid. 4. A transfer of title without consideration from one joint tenant or tenant in common

to one or more remaining joint tenants or tenants in common. 5. A transfer, assignment or other conveyance of real property if the owner of the

property is related to the person to whom it is conveyed within the first degree of

lineal consanguinity or affinity. 6. A transfer of title between former spouses in compliance with a decree of divorce. 7. A transfer of title to or from a trust without consideration if a certificate of

trust is presented at the time of transfer. 8. Transfers, assignments or conveyances of unpatented mines or mining claims. 9. A transfer, assignment or other conveyance of real property to a corporation or

other business organization if the person conveying the property owns 100 percent

of the corporation or organization to which the conveyance is made. 10. A conveyance of real property by deed which becomes effective upon the death of

the grantor pursuant to NRS 111.655 to 111.699 , inclusive, and a Death of Grantor Affidavit recorded in the office of the county

recorder pursuant to NRS 111.699 . 11. The making, delivery or filing of conveyances of real property to make effective

any plan of reorganization or adjustment: (a) Confirmed under the Bankruptcy Act, as amended, 11 U.S.C. §§ 101 et seq. ; (b) Approved in an equity receivership proceeding involving a railroad, as defined

in the Bankruptcy Act; or (c) Approved in an equity receivership proceeding involving a corporation, as defined

in the Bankruptcy Act, if the making, delivery or filing of instruments of transfer or conveyance occurs

within 5 years after the date of the confirmation, approval or change. 12. A transfer to an educational foundation. As used in this subsection, “ educational foundation ” has the meaning ascribed to it in subsection 3 of NRS 388.750 . 13. A transfer to a university foundation. As used in this subsection, “ university foundation ” has the meaning ascribed to it in subsection 3 of NRS 396.405 . 14. A transfer to a library foundation. As used in this subsection, “ library foundation ” has the meaning ascribed to it in NRS 379.0056 . 15. A conveyance of real property to a person or persons from the board of county

commissioners of a county whose population is less than 4,500 pursuant to NRS 244.2826 .